The 2014 Budget and the Economy

MEXICO - Report 05 Nov 2013 by Mauricio Gonzalez, Guillermo Valdes, Esteban Manteca and Ernesto Cervera
Executive SummaryThe economic figures published in Mexico over the course of October point to an incipient recovery relative to data released in previous months. The most significant of the positive news items include:A slight increase in manufacturing output reported for August (+1.6% yoy);The 1.5% increase year over year recorded, after adjusting for seasonal factors, in gross fixed investment in machinery and equipment; andA widening of non-petroleum exports for September (+10.7% yoy) that was especially pronounced in the case of automotive shipments (+23.0% yoy).Sales indicators all con...

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